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Amazon issues first British pound bonds
Amazon has announced its intention to issue its first bonds denominated in British pounds after consulting with several banks to arrange the process. The bonds are expected to be launched as soon as this Wednesday, with maturities ranging from 3 to 19 years. This move comes amid the company's increased borrowing worldwide to finance its expansion in artificial intelligence infrastructure. Amazon is the largest issuer of bonds among cloud computing companies, with debt exceeding $92 billion by 2026. The company plans to spend $220 billion on capital investments, as investor demand rises amid a decline in interest in its recent bond issuances due to higher borrowing costs.
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